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 Russia ready to restructure Ukraine's loan with guarantees, - Russian Finance Minister Siluanov

Russia has agreed to restructure Ukraine's loan issued to the Yanukovych regime back in 2013, if guaranteed by a large bank.

This was announced by Russian Finance Minister Anton Siluanov to journalists, Censor.NET reports citing TASS.

"We believe the restructuring offer for three years shall be supported by guarantees of the Ukrainian party's fulfillment of its obligation, issued by the U.S., or the EU, or a large bank agreed on with Russia," the minister said.

Read more: Ukraine's creditors unlikely to approve Russia's restructuring offer, - Reuters

Siluanov also announced that Russia's offer on Ukraine's debt might be implemented withing the current IMF program.

"Our proposal is aimed at avoiding a precedent for amendment of settlement order for the states that receive the IMF support with their international creditors. If this is accepted, there will be no need to change current settlement order with IMF for official creditors. We believe our proposal is quite acceptable and might be implemented within the current IMF program for Ukraine," he said.
 
 
 
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